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  • Why did crude coconut oil prices rise in the third quarter 2023?
  • A complex interplay of trading sector, demand and production rates of crude coconut oil dictated the crude coconut oil price trend during the third and fourth quarter of 2023. The heightened demand from the consumer sector during the third quarter and the availability of export margins helped in the rise in crude coconut oil prices.
  • What is the price trend of crude coconut oil?
  • According to Procurement Resource, the price trend of Crude Coconut Oil is expected to drive upwards as the positive consumer demand and scarcity of raw material produce will support the crude coconut oil pricing pattern. Crude Coconut Oil Price Trend for the First Half of 2023 Asia
  • How did the crude coconut oil market perform in Malaysia?
  • But still, based on the cost of production, the crude coconut oil market closed the year at a positive note of about 980 USD/MT. The Malaysian region was, however, resilient in its approach as the market only faced limited movement, with a slight decline in averages from 1075 USD/MT (CIF) to 1024 USD/MT.
  • Why did crude coconut oil prices rise in the Asian region?
  • Over the given period of six months, the crude coconut oil markets inclined in the Asian region. The price growth was a little steady in the first quarter; however, it picked up pace in the second quarter, primarily because the summer season called for higher crude coconut oil demands.
  • How did Indonesian crude coconut oil market perform in the third quarter?
  • The crude coconut oil market initiated the third quarter with an optimistic approach as the consumption rates from the downstream industries showed a consistent incline. As a result, the Indonesian crude coconut oil prices were able to incline from an average of 925 USD/MT (EXW) in July’23 to around 983 USD/MT in December’23.
  • Why should you invest in Africa's coconut industry?
  • Africa’s coconut industry has immense untapped potential to meet this growing demand. With its vast coastline, the continent has the advantage of producing both fresh coconuts and value-added products such as coconut oil, coconut milk, desiccated coconut, and coconut water.